Category Archives: Liberia News

Liberia News

Aleph Hospitality Signs Deal with Marriott International to Manage the First Four Points by Sheraton in Liberia

Four Points by Sheraton Monrovia to become first internationally-branded hotel in Liberia  DUBAI, UAE – Pioneering hospitality management company, Aleph Hospitality, today announced the signing of a franchise agreement with Marriott International for the first Four Points by Sheraton hotel in Liberia. Located in the capital city, Monrovia, the hotel is due to become the first […]

Anglophone West Africa’s brightening economic prospects

Nigeria, Africa’s largest economy, is at last moving out of recession, Ghana’s growth continues to be strong The economic forecast for Anglophone West Africa is looking brighter according to analysis by Ecobank’s (www.Ecobank.com) research team in the newly published Anglophone West Africa section of its flagship financial website, AfricaFICC(goo.gl/CduKLQ). Nigeria, Africa’s largest economy, is at last […]

Oradian named Top 100 African FinTech and winner of the European FinTech Award

  Oradian (Oradian.com), the fintech company from Croatia, claimed its position as a leading technology provider with both a first-place finish in the European FinTech Awards competition and a nomination as a Top 100 African FinTech company. The win at the European Fintech Awards recognises Oradian as the European leader in Innovative Banking Software designed for microfinance institutions […]

ACC Ghana 2017: Africans Building Africa 

Ghana hosted the 2nd edition of the African Clean Up Conference through the Green Africa Youth Organization. The event was held at Hans Cottage Botel in Cape Coast, Ghana during the weekend. This was to match up with the action the desires of the convener of the conference, African Clean Up Initiative, a non-governmental organization […]

$1 billion Israeli solar commitment to ECOWAS

$20 million agreement for Liberia’s first solar field inked as Prime Minister Netanyahu arrives; “Power to the African people,” says Israeli MP Neguise Under the MOU signed today between the State of Israel and ECOWAS, Israel’s leading solar developer will invest $1 billion over the next four years to advance green energy power projects across […]

Cross-border collaboration in West Africa to be fostered at the Regional Energy Co-operation Summit

Regional Energy Co-operation Summit to discuss opportunities for cross-border power projects and investments across the West African region – Côte d’Ivoire, 26-27 January 2017. Under the theme unleashing international capital to drive forward West Africa’s regional integration. The event will host keynote addresses from Hon. Patrick Sendolo, Minister of Mines, Lands and Energy of the […]

SWIFT’s messaging traffic grows by 15.8% in West Africa

Figures released at the SWIFT Business Forum West Africa show that the region has outperformed the total growth of SWIFT globally Data from SWIFT shows that traffic growth in West Africa has outperformed the total growth of SWIFT globally. In the year to date, total traffic volumes in the West African Monetary Zone (WAMZ)[1] grew […]

European Union Welcomes Rural Energy Strategy and Master Plan, prepared by Liberia’s Rural and Renewable Energy Agency (RREA)

Speaking at today’s launch event, the European Union Chargé d’affaires, Mrs Emma Sundblad, particularly welcomed the definition of clear, quantifiable targets in three key areas: Energy Access; Renewable Energies and Energy Efficiency. She also congratulated the RREA on the identification of concrete programs and projects to be implemented under a comprehensive framework and praised the […]

The Diamond Industry and African Socio-Economy

Neoliberal reforms in Africa, increasing global commodity prices and rising global resource demands have led to significant economic turnovers within the recent past decade for some African nations – Libya, Ivory Coast, Ghana, Nigeria, Liberia, Sierra Leone, South Africa, Egypt, among the rest .  In accordance, there has been a substantive growth in the extractive […]

REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES)

Revitalisation of the Inter- African Coffee Organisation (IACO): Preparation of the 2017-2022 and Strategy and Institutional Review. Financing Agreement reference: 100000038 Project ID No: P-Z1-A00 017 The Inter African Coffee Organisation (IACO)[1] has received financing from the African Development Bank under The Nigerian Technical Cooperation Fund toward the cost of the study for Revitalization of […]

Orange will acquire 100% of the mobile operator Cellcom Liberia

Orange (www.Orange.com) today announced it has entered into a firm agreement with Cellcom Telecommunications Limited to acquire, through its subsidiary Orange Côte d’Ivoire, 100% of Cellcom’s Liberia subsidiary, the leading mobile operator* in Liberia, with the strongest market commercial momentum. Orange will provide its marketing expertise and world-class technical capability to further strengthen the network operator, […]

Corruption on the rise in Africa poll as governments seen failing to stop it

Transparency International estimates 75 million Africans paid a bribe in the past year A majority of Africans say corruption has risen in the past 12 months and most governments are seen as failing in their duty to stop the abuse of power, bribery and secret deals, according to a new opinion poll from Transparency International […]

IMF Executive Board Approves 3-Month Extension of the Extended Credit Facility Arrangement for Liberia

The Executive Board of the International Monetary Fund (IMF) approved on October 14, 2015—the decision was taken without an Executive Board meeting1—a 3 month-extension of Liberia’s Extended Credit Facility (ECF) Arrangement to February 18, 2016. The extension will help to provide the Liberian authorities with more time to implement actions on the fiscal and structural […]

IMF Staff Completes Review Mission to Liberia

A mission from the International Monetary Fund (IMF), led by Mr. Carlo Sdralevich, visited Monrovia during October 19–30, 2015 to conclude discussions on the fourth review of the government’s economic program supported by the IMF under the Extended Credit Facility (ECF) arrangement1 approved by the IMF Executive Board in November 2012. At the end of the visit, Mr. […]

WTO agrees membership terms for Liberia, paving way for formal decision in Nairobi

GENEVA, Switzerland, October 7, 2015/APO (African Press Organization)/ — WTO members negotiating Liberia’s accession agreed by consensus, ad referendum, on the terms of the country’s WTO membership on 6 October 2015, paving the way for the eighth least-developed country to join the organization since 1995. Liberia’s membership terms will be presented to the 10th Ministerial […]

Illicit Financial Flows: Significant Impediment to Achieving Sustainable Development Goal #6 — Ensuring Healthy Lives

Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008 – 2012 IFFs swamped national health spending in many countries.  The IFF/Health Spending ratios provided below give an indication of the challenge some countries will face in achieving Sustainable Development Goals #6. GFI President Raymond Baker said that the UN commitment […]

Statement by IMF Management Director Christine Lagarde at the Conclusion of Visit to Liberia

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Monrovia at the conclusion of her visit to Liberia: “My visit to Liberia has been extremely fruitful and informative, and I am grateful for the warm hospitality I received from everyone I met. I wish to thank President […]

Illicit Financial Flows: Major Hurdle to Achieving Sustainable Development Goal #4 — Ensuring Quality Education

Analysis of illicit financial flows (IFFs) in the poorest nations shows that from 2008-2012 IFFs swamped national education spending in many countries. The IFF/Education Spending ratios (see below) give an indication of the problem some countries will face in achieving Sustainable Development Goals #4. GFI President Raymond Baker said that the UN commitment to “substantially reduce” IFFs in target […]

The African power landscape – A continent on the tipping point?

The African power mix, the rise of renewables, infrastructure investment and the role of temporary power. Would this year’s Africa Energy Forum have the same stories of promised projects? The “Africa is open for business” message? The same sense of pent-up desire for electrification mirrored only by frustration and a lack of movement? Thirty six […]

It’s Not Just about the Money: To Change the World We Must Change Ourselves

The Mediterranean sea has become a graveyard for Africa’s youth. Every day, we see images of what would appear to be a continent racked by conflict and poverty, and people risking – often losing – their lives in an attempt to flee . Yet Africa has 11 of the 20 fastest growing economies in the […]

Huge opportunities for agricultural growth in West Africa

West Africa has unprecedented opportunities for agricultural growth, but making the most of them will require more effective regional integration, says a new report by the African Development Bank (AfDB), the Food and Agriculture Organization of the United Nations (FAO) and the Economic Community of West African States (ECOWAS). To be competitive with large global […]

IOM Cites Discovery of More Victims in Sahara among Migrants Bound for Libya

The discovery Monday of the remains of 30 migrants in Dirkou, northeast of Niger’s Agadez crossroads brings to 48 the total of dead migrants found in the Sahara this week, adding to the growing death toll of Africans and Middle Easterners believed to have perished this year on their way to Europe. On Sunday, IOM’s […]